Wednesday, September 5, 2012

The latest data show that consumers in Europe as a whole seemed to have reached the steady state economy. However, inside the Eurozone, retail spending continues to slide slowly. Combined with the unemployment data, we can see that Europe continues to stagnate - it has not solved its fundamental problems, but nor has it slid into acute crisis.

Let's not forget that in terms of materials flows, a no growth GDP is everything but a "steady state economy", it just means :Same number of barrels burnt as previous yearSame number of cars built as previous yearSame number of houses built as previous yearEtc

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About Me

I'm a scientist and innovator in the technology industry, with a broad range of interests and experiences. I have a Physics PhD, MS in CS, and have done research, lived in cohousing communities, run a business, and designed technology products. Professionally, I have mainly worked on computer security problems. Currently I'm Adjunct Professor of Computer Science at Cornell, but this blog represents my views only.
Email me at stuart -- at -- earlywarn -- dot -- org. I do read all email, but because the blog is a part-time unfunded enterprise, I often fail to reply due to lack of time - apologies.